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Archive for March 2015

Progressive Plans to Charge Risky Snapshot Drivers More

Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits. The decision to lift premiums is a shift for … Source: Claims Journal

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Driverless Cars Impact: Fewer Cars, More Miles

Autonomous vehicles may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven, say researchers at the University of Michigan Transportation Research Institute. UMTRI researchers Brandon Schoettle and Michael Sivak examined U.S. … Source: Claims Journal

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Securities Class Action Settlements Plummeted Last Year

Bringing a securities class action became less lucrative last year. According to Cornerstone Research, total settlements in such cases hit their lowest point in 16 years. The aggregate amount of settlements dropped 78 percent to $1.07 billion in 2014 from … Source: Claims Journal

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Taiwan Faces Greatest Tsunami Risk: Guy Carpenter

A new report finds that southwest Taiwan, specifically, up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world has the greatest tsunami risk. Guy Carpenter & Company, a global … Source: Claims Journal

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South Dakota Bridge Takes 29 Hits Without Damage

A low-clearance railroad bridge in Pierre, S.D., continues to win battles with semitrailers that seem drawn to it like a magnet. The latest truck to crash into the problematic bridge over South Pierre Street didn’t hurt the structure, but an … Source: Claims Journal

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